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Is Asteroid Mining Really Our Best Argument for Bitcoin Over Gold?
After a Winklevoss encounter highlights Elon Musk’s space mining dreams, maybe we should remind ourselves of the right-here-at-home benefits bitcoin brings.
Updated Sep 14, 2021, 9:44 a.m. Published Aug 16, 2020, 2:00 p.m.
After a Winklevoss encounter highlights Elon Musk’s space mining dreams, maybe we should remind ourselves of the right-here-at-home benefits bitcoin brings.
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Earlier this week, the Winklevoss brothers introduced Barstool Sports founder Dave Portnoy to bitcoin.
See also: Preston Pysh on Why We’ve Entered a Fundamentally New Era of Bitcoin Accumulation
One of the notable parts of the recap video was a discussion of how Elon Musk was set to destroy the value of gold on Earth by mining gold from asteroids.
While much meme fun was had, on this week’s Long Reads Sunday NLW has chosen a selection that looks at how fiat beat out gold and how gold beat out silver to provide some – ahem – more immediately relevant lessons on how to explain the benefits of bitcoin.
Read:
Projection and Throwness
Part III — Bitcoin’s 10x Advantage Over Gold Might Not Lie Where You Think
By David Lawant
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Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.
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